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We don't borrow money to pay for social security, quite the opposite. Social Security has several trillion dollars invested in US Treasuries. It is running a
by frumper 2y ago
We don't borrow money to pay for social security, quite the opposite. Social Security has several trillion dollars invested in US Treasuries. It is running a 100-200 billion dollar deficit and over the next 10 years that investment will dwindle and become an actual negative on the federal budget, but that certainly isn't the case right now, nor has it ever been.
https://www.ssa.gov/policy/trust-funds-summary.html https://www.ssa.gov/policy/trust-funds-summary.html